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Coal chemical projects should focus on early stage research

In recent years, China's coal chemical project blossom everywhere, leading to excess capacity, declining capacity utilization. April 14 2010, held in Chongqing, China Coal Chemical Industry Strategy Forum, industry experts point out that this result because the formation of more complex, one important factor is the coal chemical companies launched a new project in the Early Bu focus on research, while is blind to follow suit, so inefficient duplication serious.

Representation of the traditional coal chemical product methanol as an example. After 6 consecutive years of high growth, the methanol industry into a severe overcapacity situation. In 2009, China's 1 / 3 of the methanol business completely discontinued, 1 / 2 less than 50% of the enterprises operating rate. The status of modern coal chemical industry is also very similar. According to incomplete statistics, over the declared total scale coal liquefaction project has more than 40 million tons of coal to olefins total capacity of 2,000 tons of coal to reach 25 billion cubic meters of natural gas, the total investment has exceeded 1 trillion yuan. Over-investment situation of coal chemical industry is evident.

China Nitrogen Fertilizer Industry Association, former vice chairman Wang Wenshan told CCIN reporters, and large foreign companies launched new projects to do before you spend adequate market research is different, many domestic enterprises do not rush the process of great importance to the investment before the project in the early stage of research, for raw material price, location, transportation, surrounding environment, market conditions, a lack of understanding of management level. The feasibility study report many businesses are more standardized in form, but careful comparison will find various do essentially the same, in-depth analysis and targeted research done clearly enough, as foreshadowed the future of harm.

Wang Wenshan that moment, many local governments focus more on the project is to promote GDP growth, as the practical benefits of the project how the lack of effective assessment. In this quick success driven mentality, some local officials launched a new project as soon as possible Cuizhao enterprise so that enterprises do not have enough time for in-depth research.

The experts said that the coal chemical industry should be sufficient time to find out the advanced technology and stability, attention to sources of raw materials and water reliability and long-term, insight into the strengths and weaknesses and the quality of raw material price trends, research the local and surrounding markets capacity and trends, concerns the storage and transport products, and accurate accounting of the project's internal rate of return. The only way to avoid future brewed swallowed the bitter pill.About the Author

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